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Bermuda's Essent Group Q3 net income steady at $163 mln

By Reuters News


Overview

  • Bermuda mortgage insurer's Q3 net income was stable yr/yr at $163 mln

  • New mortgage insurance written in Q3 slipped slightly from a year ago

  • Company approved new $500 mln share repurchase authorization through 2028


Outlook

  • Essent did not provide specific financial guidance for future quarters or the full year in its press release


Result Drivers

  • SOLID CREDIT QUALITY - Co said earnings power was supported by solid credit quality of insurance in force

  • REINSURANCE PREMIUMS - Reinsurance net premiums written for the nine months ended September 30, 2026 increased sharply from prior yr

  • INVESTMENT INCOME - Net investment income for the nine months ended September 30, 2026 rose 4% from prior yr


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Direct Premiums Written

$342.43 mln

Q3 Net Income

$163.38 mln

Q3 Pretax Profit

$199.04 mln


Reuters Recommended Reads

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  • Nov 4 - Radian Group Q3 revenue beats expectations

  • Nov 5 - NMI Holdings Q3 revenue rises 18%, beats analyst estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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